Last Updated June 15
MARKET PROFILE Liberty Avenue Commercial District Bloomfield
2015 Business Summary (2 Minute Drive Time)
Number of Businesses: 304
Number of Employees: 1,187
Employees/Residential Population Ratio*:
0.36:1
Major Industries: Food & Beverage Stores, Food Services
& Drinking Places, Health & Personal Care Stores
For more information on the neighborhood, visit:
Spending Potential Index 2 Minute Drive
10 Minute Drive
Apparel and Services 42 59
Computers and Accessories 63 87
Education 63 92
Entertainment / Recreation 57 81
Food at Home 61 85
Food Away from Home 61 85
Health Care 52 75
Household Furnishing and Equipment 52 73
Investment 44 67
Retail Goods 55 77
Shelter 62 87
TV / Video / Sound Equipment 61 85
Travel 52 76
Vehicle Maintenance and Repair 58 81
Total Expenditures 56 79
2014 Households by Disposable Income
2 Minute Drive 10 Minute Drive
<$15,000 27.1% 27.7%
$15,000—$24,999 19.5% 16.9%
$25,000—$34,999 15.9% 11.7%
$35,000—$49,999 15.6% 13.2%
$50,000—$74,999 13.8% 13.8%
$75,000—$99,999 4.1% 5.7%
$100,000—$149,999 3.3% 6.4%
$150,000+ 0.8% 4.6%
Median Disposable Income
$26,655 $28,917
Note: The Spending Potential Index is household-based, and
represents the asset value or amount spent for a product or service
relative to the national average of 100. Values higher than 100 indicate
spending above the national average, and values lower than 100
indicate lower spending than the national average.
Note: Disposable income is after-tax household income.
*This ratio indicates the number of employees working
in the area versus the number of residents. A higher ratio indicates more commercial presence.
Last Updated June 15
Demographic Data: 2 Minute Drive
2010 2014 2019
(Projected)
Annual Rate of Change
(2014-2019)
Population 3,268 3,312 3,363 0.31%
Households 1,717 1,758 1,794 0.41%
Median Age 33.1 33.6 34.5 0.54%
% 0-9 6.6% 6.2% 6.3% 0.32%
% 10-14 2.8% 2.9% 2.8% -0.69%
% 15-24 18.3% 16.8% 15.7% -1.31%
% 25-34 25.9% 27.2% 26.5% -0.51%
% 35-44 11.4% 11.3% 12.0% 1.24%
% 45-54 11.4% 10.2% 9.5% -1.37%
% 55-64 11.8% 12.1% 12.4% 0.50%
% 65+ 12.0% 13.1% 15.0% 2.90%
Median Household Income *** $31,086 $36,516 3.49%
Average Household Income *** $41,756 $50,109 4.00%
Per Capita Income *** $22,381 $26,701 2.86%
Total Housing Units 1,974 2,012 2,024 0.12%
% Owner Occupied Units 30.5% 28.1% 27.8% -0.21%
% Renter Occupied Units 56.5% 59.3% 60.9% 0.54%
% Vacant Housing Units 13.0% 12.6% 11.3% -2.06%
Median Home Value *** $128,759 $175,481 7.26%
Note: Disposable income is after-tax household income.
Traffic Count Pro-
file
Closest Cross-Street
Count
S Winebiddle St
Liberty Ave 974
Edmond St Friendship Ave
688
Friendship Ave
Joliet Way 8,423
Note: This profile measures the number of vehicles which travel through streets nearest to commercial corridor epicenter on a daily basis. All counts from 2012 unless otherwise noted.
Liberty Avenue Commercial District
Demographic Data: 10 Minute Drive Time
2010 2014 2019
(Projected) Annual Rate of Change
(2014-2019)
Population 115,525 116,086 116,816 0.13%
Households 51,383 52,008 52,600 0.23%
Median Age 29.6 30.4 31.2 0.53%
% 0-9 7.3% 7.4% 7.3% -0.27%
% 10-14 3.2% 3.1% 3.2% 0.65%
% 15-24 29.3% 27.9% 27.0% -0.65%
% 25-34 18.1% 19.1% 18.5% -0.63%
% 35-44 9.3% 9.5% 10.2% 1.47%
% 45-54 10.3% 9.3% 8.5% -1.72%
% 55-64 9.8% 10.3% 10.2% -0.19%
% 65+ 12.7% 13.5% 15.1% 2.37%
Median Household Income *** $34,268 $40,988 3.92%
Average Household Income *** $58,838 $70,511 3.97%
Per Capita Income *** $27,461 $33,119 4.12%
Total Housing Units 57,589 58,579 59,183 0.21%
% Owner Occupied Units 33.8% 31.5% 31.1% -0.25%
% Renter Occupied Units 55.4% 57.3% 57.8% 0.17%
% Vacant Housing Units 10.8% 11.2% 11.1% -0.18%
Median Home Value *** $144,475 $195,388 7.05%
Last Updated June 15
2014 Educational Attainment (Ages 25+)
2 Minute Drive Time
10 Minute Drive Time
No High School Diploma 9.8% 8.6%
High School Diploma or Some College 38.5% 38.4%
Associates Degree 10.4% 5.4%
Bachelor’s Degree 23.8% 20.9%
Graduate or Professional Degree 17.4% 26.6%
Liberty Avenue Commercial District
Marketplace Profile**: 10 Min Drive Retail Potential
(Demand) Retail Sales
(Supply) Retail Gap
Leakage/ Surplus Factor
Number of Business
Motor Vehicle & Parts Dealers $223,077,911 $70,313,994 $52,763,917 52.1 37
Furniture & Home Furnishing Stores $24,842,288 $34,806,992 -$9,964,704 -16.7 54
Electronics and Appliance Stores $30,237,825 $104,747,168 -$74,509,343 -55.2 33
Building Materials, Garden Equip. & Supply Stores $34,380,022 $18,255,133 $16,124,889 30.6 24
Food and Beverage Stores $211,996,246 $205,138,804 $6,857,42 1.6 163
Health and Personal Care Stores $62,836,874 $103,629,768 -$40,792,894 -24.5 53
Gasoline Stations $108,458,689 $83,456,496 $25,002,193 13.0 20
Clothing & Clothing Accessories Stores $72,317,768 $117,031,594 -$44,713,826 -23.6 137
Sporting Goods / Hobby / Music / Book Stores $32,789,656 $32,869,776 -$80,120 -0.1 74
General Merchandise Stores $165,936,924 $12,855,825 $153,081,099 85.6 17
Nonstore Retailers $153,676,294 $24,164,425 $111,511,869 69.8 20
Food Services & Drinking Places $130,922,784 $143,915,004 -$12,992,220 -4.7 311
Marketplace Profile**: 2 Min Drive Retail Potential
(Demand) Retail Sales
(Supply) Retail Gap
Leakage/ Surplus Factor
Number of Business
Motor Vehicle & Parts Dealers $5,417,707 $0 $5,417,707 100.0 0
Furniture & Home Furnishing Stores $593,595 $172,734 $420,861 54.9 1
Electronics and Appliance Stores $734,106 $0 $734,106 100.0 0
Building Materials, Garden Equip. & Supply Stores $737,683 $228,276 $509,407 52.7 2
Food and Beverage Stores $5,288,973 $3,270,178 $2,018,795 23.6 5
Health and Personal Care Stores $1,508,818 $2,144,691 -$635,873 -17.4 2
Gasoline Stations $2,733,197 $0 $2,733,197 100.0 0
Clothing & Clothing Accessories Stores $1,777,004 $730,548 $1,046,456 41.7 3
Sporting Goods / Hobby / Music / Book Stores $800,370 $229,291 $571,079 55.5 3
General Merchandise Stores $4,094,592 $0 $4,094,592 100.0 0
Nonstore Retailers $3,264,223 $65,503 $3,198,720 96.1 1
Food Services & Drinking Places $3,203,064 $2,241,953 $961,111 17.7 9
**Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amount spent by consumers at retail establishments. The Leakage/Surplus Factor measures the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potential and Retail Sales. The NAICS is used to classify businesses by their primary type of economic activity.
Last Updated June 15
Set to Impress is depicted by medium to large multiunit apartments with lower than average rents. These apartments are often nestled into neighborhoods with other busi-nesses or single-family housing. Nearly one in three residents is 20 to 34 years old, and over half of the homes are nonfamily households. Although many residents live alone, they preserve close connections with their family. Income levels are low; many work in food service while they are attending college. This group is always looking for a deal. They are very conscious of their image and seek to bolster their status with the latest fashion. Set to Impress residents are tapped into popular music and the local music sce-ne.
Metro Renters (22.2%) Residents in this highly mobile and educated market live alone or with a roommate in older apartment buildings and condos located in the urban core of the city. This is one of the fastest growing segments; the popularity of urban life continues to increase for consumers in their late twenties and thirties. Metro Renters residents income is close to the US average, but they spend a large portion of their wages on rent, clothes, and the latest technology. Computers and cell phones are an integral part of everyday life and are used interchangeably for news, entertainment, shopping, and social media. Metro Renters residents live close to their jobs and usually walk or take a taxi to get around the city .
Set to Impress (53.4%)
Young and Restless (17.4%)
Gen Y comes of age: Well-educated young workers, some of whom are still completing their education, are employed in professional/technical occupations, as well as sales and office/administrative support roles. These residents are not established yet, but striving to get ahead and improve themselves. This market ranks in the top 5 for renters, movers, college enrollment, and labor force participation rate. Almost 1 in 5 residents move each year. Close to half of all householders are under the age of 35, the majority living alone or in shared nonfamily dwellings. Median household income is still below the US. Smartphones are a way of life, and they use the Internet extensively. Young and Restless consumers are diverse, favoring densely populated neighborhoods in large metropolitan areas; over 50% are located in the South (almost a fifth in Texas), with the rest chiefly in the West and Midwest.
Modest Income Homes (7.0%)
Families in this urban segment may be nontraditional; however, their religious faith and family values guide their modest lifestyles. Many residents are primary caregivers to their elderly family members. Jobs are not always easy to come by, but wages and salary income are still the main sources of income for most households. Reliance on Social Security and public assistance income is necessary to support single-parent and multigenerational families. High poverty rates in this market make it diffi cult to make ends meet. Nonetheless, rents are relatively low (Index 73), public transportation is available, and Medicaid can assist families in need.
Note: ESRI is an independent geographic information systems (GIS) corporation and is not affiliated with the Urban Redevelopment Authority of Pitts-burgh. This analysis utilizes socioeconomic and marketing data to identify distinct segments of the population, map where they reside, and describe their
socioeconomic qualities and consumer preferences. More information on tapestry segments and segment descriptions can be found at: http://www.esri.com/library/whitepapers/pdfs/community
ESRI Tapestry Segmentation Area Profile
TAPESTRY SEGMENT DESCRIPTIONS
Neighborhood Quick Facts*
8th most populous and 6th densest neighborhood
2nd highest % of residents with bachelor’s degree or higher (69.6%)
6th highest street density (45.2m streets per sq mile)
* The Walk Score is a measure between 0 and 100 that measures the ease of accessing amenities and running errands by walking. For more information, see http://www.walkscore.com/
Liberty Avenue Commercial District: 2 Minute Drive Time
Last Updated June 15
Residents in this highly mobile and educated market live alone or with a roommate in older apartment buildings and condos located in the urban core of the city. This is one of the fastest growing segments; the popularity of urban life continues to increase for consumers in their late twenties and thirties. Metro Renters residents income is close to the US average, but they spend a large portion of their wages on rent, clothes, and the latest technology. Computers and cell phones are an integral part of everyday life and are used interchangeably for news, entertainment, shopping, and social media. Metro Renters residents live close to their jobs and usually walk or take a taxi to get around the city
Set to Impress (16.1%)
Set to Impress is depicted by medium to large multiunit apartments with lower than average rents. These apartments are often nestled into neighborhoods with other busi-nesses or single-family housing. Nearly one in three residents is 20 to 34 years old, and over half of the homes are nonfamily households. Although many residents live alone, they preserve close connections with their family. Income levels are low; many work in food service while they are attending college. This group is always looking for a deal. They are very conscious of their image and seek to bolster their status with the latest fashion. Set to Impress residents are tapped into popular music and the local music scene
Metro Renters (20.5%)
Emerald City (8.5%)
Emerald City’s denizens live in lower-density neighborhoods of urban areas throughout the country. Young and mobile, they are more likely to rent. Well educated and well employed, half have a college degree and a professional occupation. Incomes close to the US median come primarily from wages and self-employment. This group is highly connected, using the Internet for entertainment and making environmentally friendly purchases. Long hours on the Internet are balanced with time at the gym. Many embrace the “foodie” culture and enjoy cooking adventurous meals using local and organic foods. Music and art are major sources of enjoyment. They travel frequently, both personally and for business.
College Towns (7.5%)
About half the residents of College Towns are enrolled in college, while the rest work for a college or the services that support it. Students have busy schedules, but make time between studying and part-time jobs for socializing and sports. Students that are new to managing their own fi nances tend to make impulse buys and splurge on the latest fashions. This digitally engaged group uses computers and cell phones for all aspects of life including shopping, school work, news, social media, and entertainment. College Towns are all about new experiences, and residents seek out variety and adventure in their lives.
Note: ESRI is an independent geographic information systems (GIS) corporation and is not affiliated with the Urban Redevelopment Authority of Pitts-burgh. This analysis utilizes socioeconomic and marketing data to identify distinct segments of the population, map where they reside, and describe their
socioeconomic qualities and consumer preferences. More information on tapestry segments and segment descriptions can be found at: http://www.esri.com/library/whitepapers/pdfs/community
ESRI Tapestry Segmentation Area Profile
TAPESTRY SEGMENT DESCRIPTIONS
Neighborhood Quick Facts* Home of Pittsburgh’s Little Italy, a regional attraction
Number of bus lines in neighborhood: 6
Persons per sq. mile: 11,756 City average: 5,646)
Walk Score: 88
* The Walk Score is a measure between 0 and 100 that measures the ease of accessing amenities and running errands by walking. For more information, see http://www.walkscore.com/
Liberty Avenue Commercial District: 10 Minute Drive Time
Last Updated June 15
Featured Business: Crazy Mocha
Bloomfield — Pittsburgh’s Little Italy
Contacts Bloomfield Development
Corporation: www.bloomfieldnow.com/
Urban Redevelopment Authority of Pittsburgh:
www.ura.org/
All data from ESRI Business Analyst 2015 unless otherwise noted. ¹Data applies to neighborhood boundary and not study area. Source: PGHSNAP, Dept. of City Planning
For More Information: For additional market value analysis data, contact Josette Fitzgibbons at [email protected] Department of City Planning SNAP Neighborhood Data: http://www.pittsburghpa.gov/dcp/snap/ Pittsburgh Neighborhood Community Indicator Systems (PNCIS) ACS 2005-2009 Neighborhood Profiles: http://www.ucsur.pitt.edu/neighborhood_reports_acs.php
Business District Programs
Liberty Avenue Commercial District
The Pittsburgh Biz Buzz Small Grant Program
This program is designed for community organizations that are working to spur neighborhood business district revitalization using the 48x48x48 strategy of short and medium term achievable projects, determining what you can do in 48 hours, 48 days and 48 weeks. The program aims to bring newcomers into your neighborhood business district and create a “buzz” about your business district through media and word of mouth. For more information about applications and eligibility, visit: http://www.ura.org/business_owners/mainstreets.php
Façade Improvement Programs
Restored storefronts improve the pedestrian environment, attract more customers, and encourage economic development and investment. The URA offers several different façade improvement programs designed for commercial building owners and tenants to improve their storefronts. Your location determines your building’s façade improvement program eligibility. For more information about applications and eligibility, contact Quianna Wasler at (412) 255-6550 or visit: http://www.ura.org/business_owners/facade_program.php
Neighborhood Business District Program
This program strives to ensure the health of the City’s traditional neighborhood commercial districts using the National Main Street Center’s Four Point Approach which considers: economic restructuring, promotion, design and sustainability. To learn more about this program, contact Josette Fitzgibbons at (412) 255-6686 or visit: http://www.ura.org/business_owners/mainstreets.php
Type of Business: Cafe URA Program Utilized: Streetface Loan URA Investment: $31,050 Private Investment: $55,550 Total Project Investment: $86,600